wow the market is idiotic, page-17

the market can be right and wrong at times
i think its wrong on this occassion for reasons outlined above, i.e. the risks have been overstated and rewards understated for a profitable mining operation to begin here and yield its market cap every year for the next fifteen years
if you buy a stock at $1.00 believing it is undervalued and it falls to $0.50 either
1) you made a mistake and you need to realise why and learn from it or
2) the market has gone insane and you should double/tripple up and go against it. this is because it has a higher safety of margin than previously if everything has remained unchanged in your eyes.
i still view BLR is cheap but its 10% of my portfolio because the sector is out of favour at the moment. i think the real money wil be made in phosphate this year hence im overweight MAK.
and yes I like the markets thanks because I have doubled my money in the months where the market has fallen 10%. but you dont have to believe that.